The simplification of administrative procedures for Moroccans residing abroad (MREs) has allowed them to update their tax status, said Nadia Fettah, Minister of Economy and Finance.
Nadia Fettah, Minister of Economy and Finance, welcomes the ongoing reform of the Moroccan exchange rate regime, stating that an important step is being taken to improve the flexibility of the dirham.
While the issue of the automatic exchange of data on their bank accounts, shares and assets held in Morocco with the OECD is resurfacing, Nadia Fettah, Minister of Economy and Finance, has sought to reassure Moroccans living abroad (MRE).
Opposition MPs continue to call for the exemption of Value Added Tax (VAT) on all basic high-consumption products in order to support the purchasing power of Moroccans in this period of inflation.
Morocco does not intend to modify its currency exchange band for the time being, said Finance Minister Nadia Fettah Alaoui on Monday. Since 2018, the Kingdom has undertaken gradual reforms of the foreign exchange market but has made no significant changes since last year when it increased the authorized fluctuation margin for the dirham from 2.5% to 5%.
Mountain tourism in Morocco is a sector with strong potential that is underexploited, according to Nadia Fettah Alaoui, the Moroccan Minister of Tourism, Handicrafts, Air Transport and Social Economy.
Nadia Fettah Alaoui, Minister of Finance, formally denied the ban on imports of Russian petroleum products in Morocco following Western sanctions on oil derivatives from Moscow.
The Directorate General of Taxes has discovered that several companies located in the southern provinces are creating "shell companies" to carry out their commercial activities outside this region. A tax evasion that does not say its name.
Morocco successfully closes a bond issue on international financial markets for a total amount of $2.5 billion. The operation follows a Roadshow with the international investor community.
With the return of tourists to Morocco, fiscal royalties on the consumption of alcoholic beverages have exploded in 2022, according to data published by the Ministry of Economy and Finance.
The government has provided clarifications regarding the foreign exchange law in force, particularly the operating procedure for money transfers for Moroccan students abroad . Moroccan mothers can still support their children studying abroad, but certain conditions are required.
Germany has committed to supporting Morocco’s financial system reforms . An amount of 165 million euros has been mobilized in this direction to increase the country’s financial inclusion and support for small businesses.